OIL PRICES FALL AS IEA REPORTS RECORD OPEC PRODUCTION
Oil prices were steady after data showed record production from OPEC members while the outlook for growth in oil demand growth remained subdued, putting a lid on bullish sentiment.
OPEC OIL OUTPUT EXPECTED TO REMAIN HIGH, SAYS IEA
OPEC's oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog said, highlighting the challenge the cartel faces in hammering out a plan to cut output later this month.
U.S. JOBLESS CLAIMS FELL TO 254,000 LAST WEEK
The number of Americans applying for first-time unemployment benefits fell last week, a sign of continued healthy momentum in the U.S. labor market.
CRESCENT POINT LOSS NARROWS ON COST-CUTTING EFFORTS
Crescent Point Energy reported a smaller third-quarter loss on Thursday, as cost-cutting efforts helped offset a drop in production and lower average oil and gas prices.
RUSSIA WILLING TO FREEZE CRUDE PRODUCTION AT NOVEMBER LEVELS
Russian Energy Minister Alexander Novak said Moscow could freeze production at November levels and said the country still prefers a freeze to production cuts.
INDONESIA'S SINAR MAS PLANS BIG SINGAPORE IPO FOR POWER ASSETS
A conglomerate controlled by one of Indonesia's wealthiest families is planning to list power assets in an initial public offering of up to $800 million in Singapore, in what could be the exchange's biggest IPO in four years.
DOW SURGES INTO RECORD TERRITORY
The Dow Jones Industrial Average hit a new intraday high as investors bet that a Donald Trump presidency could mean more fiscal stimulus, lower corporate taxes and higher inflation.
SOLARCITY REPORTS A LOSSSolarCity reported a third-quarter loss of $225.3 million on sales of just $201 million, eight days before shareholders vote on its planned merger with Tesla Motors.
WEATHERFORD CHIEF EXECUTIVE STEPS DOWN
Weatherford International PLC said Chairman and Chief Executive Bernard J. Duroc-Danner is leaving the oil-field services company. Chief Financial Officer Krishna Shivram will be interim CEO.
ENERGY TRANSFER EQUITY, ENERGY TRANSFER PARTNERS POST WEAKER RESULTS
Energy Transfer Equity said its third-quarter earnings fell 29%, mostly as a result of the company's move to support projects at affiliate Energy Transfer Partners by waiving special payments from the master limited partnership.
CARBON-TAX VOTE FAILS IN WASHINGTON STATE
Voters in the state of Washington rejected a ballot measure that would have created the nation's first carbon tax as a tool to combat climate change.
DONALD TRUMP'S VICTORY INJECTS UNCERTAINTY INTO CLIMATE ACCORD
Donald Trump's surprise victory is injecting a wave of uncertainty into a global climate conference that began this week in Marrakesh, Morocco.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
TRUMP, OBAMA SET TO BEGIN TRANSITION
President Barack Obama hosts President-elect Donald Trump at the White House on Thursday for a meeting intended to signal that the bitter attacks of the campaign have given way to a smooth transfer of power.
MONTEREY BALLOT VOTE IS RARE VICTORY FOR ANTI-FRACKING MOVEMENT
Of the hundreds of anti-fracking and similar measures across the U.S., almost all were enacted in places where there is little or no oil or gas output, unlike Monterey, which is fourth-largest oil-producing county in California.
(END) Dow Jones Newswires
November 10, 2016 11:17 ET (16:17 GMT)
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